CNBC's Tyler Mathisen looks back at the week's top business and financial stories, including Alibaba's historic IPO, and the extent of Home Depot's credit breach.» Read More
While its competitors whine about a weak American consumer, this electronics retailer is taking steps to expand its international footprint.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
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Discount retailer Target warned on Monday that September sales at stores open at least a year would be well below its prior forecast due to weak customer traffic, particularly in Florida and the U.S. Northeast.
I made the trek cross-country yesterday to front our exclusive Halo 3 release coverage from this Best Buy store at the corner of 44th and 5th Avenue in midtown Manhattan. This is one of 10,000 retailers nationwide that'll be hosting midnight-madness sales tonight to launch Halo 3 onto store shelves.
CBS CEO Les Moonves, wanting to dispel concerns that an economic slowdown would hurt ad sales, said that CBS ad sales are up 30% in the current scatter market, at Merrill Lynch's Media conference.
"I have a stroller for my cat," the attractive young woman said with a Cheshire grin. "How much did it cost?" I asked. "Oh, about $140, but I don't care," she answered. That's exactly what the 8,000 people at the SuperZoo 2007 trade show in Las Vegas are counting on. It's a 41 billion dollar business and growing by double digits, all things to do with pets. From food (some of which is alive) to organic leashes and collars.
Free is the big trend these days when it comes to TV and newspaper content on the web. Television networks and newspapers are adopting free, ad-supported models online. They're ditching pay-per-episode and subscription services to go after a bigger audience and higher profits. The new approach? More, more targeted ads.
Nestle's Chief Executive designate Paul Bulcke stressed on Friday he will stick to the world's largest food company's current strategy, targeting annual underlying sales growth of 5% to 6%.
Nike said first-quarter earnings per share jumped 51% to $1.12, versus 74 cents in the year-ago quarter, beating Wall Street estimates.
The Grinch is not stealing Christmas, but the outlook this holiday season is less jolly than last year. In fact, the 2007 holiday sales season is expected to represent the slowest holiday sales growth in five years, according to the National Retail Federation.
I'm really loving the fact that Dale Jr. will be driving the No. 88 car next year with Amp on his hood instead of Mountain Dew. When it was first rumored that "Little E" would shed Budweiser for Mountain Dew, I wasn't that excited. Why? Because Mountain Dew is already the fourth largest soda brand in the US, behind Coke, Pepsi and Diet Coke. If Earnhardt had Mountain Dew on his hood, we'd never know if he did anything for them. Like Budweiser, the brand was just too big before he arrived.
I'm clearly not normal. At least,that's what I understand when I hear that flat panel TVs, GPS systems, computers and video games are at the top of gift request lists again this year. I only bought a new iPod when my old one died (Apple customer service leaves a lot to be desired) and I couldn't begin to tell you any details about my TV, other than it fits my entertainment center nicely...
Yahoo's take at Internet 2.0. Since Jerry Yang took the helm at Yahoo again, the Internet company's been trying to get back on track. And that means not just getting its ad strategy sorted out, but also starting to compete more with some of the more innovative Internet 2.0 companies, which of course means Facebook and social networking.
The company said it had been able to pass on higher product costs to customers, which helped lift gross margin to 23.94% from 23.47%.
British department stores group Debenhams reported a 5% drop in like-for-like sales for the year to Sept. 1, but said underlying pretax profit was expected to be in line with marketexpectations.
Grace Kelly and Jackie O are the two women Tommy Hilfiger sent down the runway yesterday. The collection of trench coats, silk knit dresses, tuxedo shirts and sport jackets referenced a glamorous 1950s-era wardrobe. Hilfiger said that his goal is to stay all-American in the sensibilities of the clothing but sell that polished American sportswear to a global market.
Retailers will likely hire fewer workers for this holiday season than they have since 2001 as many worry that consumers will spend less on holiday shopping, an outplacement firm said Monday.
What do talking pens, seven out-of-staters, and Basque cuisine all have in common? Boise and the Boise State University Broncos. It has been 9 months and a few days since Boise State rocked the college football world with its unexpected victory in the Fiesta Bowl over Oklahoma outside Phoenix.
U.S. stock futures are pointing lower this morning as new credit worries in Europe drag down banking shares there and wipe out yesterday's euphoria in the financial sector.
Sales at U.S. retailers rose a smaller-than-expected 0.3% in August and recorded the biggest decline in almost a year when car sales are excluded. Meanwhile, consumer sentiment was steady in early September.